LONDON (AP) — The Group of Seven wealthy democracies agreed Saturday to support a global minimum corporate tax of at least 15% to deter multinational companies from avoiding taxes by stashing profits in low-rate countries.
Yeah, in retrospect my comment is way off. IDK what I was thinking here.
But my point stands. Lowering taxes does nothing against tax heavens. It would be neat to have a global minimum corporate tax. I’d be surprised if it will ever happen though.
Yeah, which makes my point relevant in a sense. Right leaning people often think lowering the taxes will result in less tax evation, but I don’t believe we can lower taxes to compete with tax havens.
it’s not a drop. it’s a raise.
Yeah, in retrospect my comment is way off. IDK what I was thinking here.
But my point stands. Lowering taxes does nothing against tax heavens. It would be neat to have a global minimum corporate tax. I’d be surprised if it will ever happen though.
the discussed topic is an attempt to make 15% min. tax rate 😃
Globally
there is no body to make such thing on a global scale. that is some start.
Yeah, which makes my point relevant in a sense. Right leaning people often think lowering the taxes will result in less tax evation, but I don’t believe we can lower taxes to compete with tax havens.